August saw risk aversion returning to global equity markets, and in a tough month the global multi-strategy sector managed to eke out a positive return.
The InvestHedge global multi-strategy median was up by 0.19%, with fixed income and global macro the only bright spots for many. Managers that held trend-following or long fixed income positions would have benefited, while the CTAs boosted the un-correlated parts of any portfolio that held them.
The global multi-strategy median is still negative year to date at -0.11%, and many of the...